Big Tech’s $700 billion spending on AI this year is called the ‘greatest capital misallocation in history’ https://trib.al/qUQIbrJ

Big Tech companies are projected to spend approximately $700 billion on AI infrastructure and development in the current year, a figure that AI researcher and entrepreneur Gary Marcus has criticized as potentially representing wasteful capital allocation. Marcus's characterization suggests that this massive investment may not yield proportionate returns or could be directed toward less productive AI ventures. The critique reflects ongoing debate within the tech and AI communities about whether current spending levels are justified by actual AI capabilities and market needs.

Source: Gary Marcus (X) | 2026-04-30